Call the EA that practices in the real estate world of course.I know a MD that thinks Ivermectin (the treatment for Covid) will kill you. 

Yes, an LLC can be treated as an S-Corp for tax purposes, while still have the flexibility of allowing much easier transfers and assignments of interests versus a traditional corporation which is owned by stock shares (and gets complex, if you remember Business Associations from your Bar Exam)The pros/cons list of electing to have an LLc treated as an S-Corp is thorough, but basically, there's a certain "break-even" point where it makes sense to have the S-Corp treatment because the tax advantages outweigh the extra protocols that come with an S-Corp. 

Plus a donation to my charity LOL Not all law enforcement are ethical. 

They find the buyers and you won't make a huge margin, but I'd consider it cheap tuition.DISCLOSURE - Think wholesaling isn't real ethical or maybe legal, so check with your locality.

Is this ethical?

Appraisals are still one of the leading thorns in the industry, and I sometimes question their ethicality.

You will have to take classes on ethics and fair housing laws.

Do we complain when the government gives us preferential tax treatment and Fannie and Freddie loans?

. - The sole member LLC requires proper banking habits/ethics, LLC meetings, accounting.

Some states may have preferential treatment if you own/live property in one over the other.